Summary: H.R.3575 — 116th Congress (2019-2020)All Information (Except Text)

There is one summary for H.R.3575. Bill summaries are authored by CRS.

Shown Here:
Introduced in House (06/27/2019)

Increasing and Mobilizing Partnerships to Achieve Commercialization of Technologies for Energy Act or the IMPACT for Energy Act

This bill requires the Department of Energy to establish a nonprofit corporation named the IMPACT for Energy Foundation to channel private sector investment into commercial innovative technologies in energy.

The foundation may establish one or more for-profit subsidiaries, including an impact investment fund to (1) stimulate economic development activities, and (2) attract for-profit investment partners for technology translation and commercialization activities.